KNOT Offshore Partners (NYSE:KNOP) Upgraded at StockNews.com

KNOT Offshore Partners (NYSE:KNOP) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

KNOT Offshore Partners Price Performance

Shares of NYSE KNOP traded up $0.35 during midday trading on Monday, reaching $5.34. The stock had a trading volume of 182,411 shares, compared to its average volume of 76,348. The company has a market capitalization of $181.77 million, a price-to-earnings ratio of -5.24 and a beta of 0.67. KNOT Offshore Partners has a 12-month low of $4.28 and a 12-month high of $7.00. The stock has a 50-day moving average of $5.30 and a 200-day moving average of $5.62. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.67 and a current ratio of 0.70.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings data on Monday, February 26th. The shipping company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.23). KNOT Offshore Partners had a positive return on equity of 2.86% and a negative net margin of 11.81%. The business had revenue of $73.03 million during the quarter, compared to the consensus estimate of $70.96 million. As a group, research analysts anticipate that KNOT Offshore Partners will post -0.31 EPS for the current fiscal year.

Institutional Trading of KNOT Offshore Partners

Hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC purchased a new stake in KNOT Offshore Partners during the 1st quarter valued at $57,000. Atria Wealth Solutions Inc. bought a new position in KNOT Offshore Partners during the fourth quarter valued at $61,000. EWA LLC purchased a new stake in shares of KNOT Offshore Partners in the fourth quarter valued at $75,000. Jump Financial LLC bought a new stake in shares of KNOT Offshore Partners in the 4th quarter worth about $153,000. Finally, FNY Investment Advisers LLC boosted its stake in shares of KNOT Offshore Partners by 31.8% during the 4th quarter. FNY Investment Advisers LLC now owns 69,175 shares of the shipping company’s stock worth $398,000 after purchasing an additional 16,687 shares during the period. 26.82% of the stock is currently owned by hedge funds and other institutional investors.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.